Description
Book SynopsisFew entrepreneurs are aware of the benefits and opportunities available through the SBA. There are few resources available to guide entrepreneurs through the process. “Approved” was written to fill that gap by providing a step-by-step guide to the SBA loan approval.
Applying for a business loan can be difficult, time intensive and expensive, but it doesn’t have to be. “Approved” was written to provide a straightforward road map to obtain approval.
After finishing “Approved”, you will be able to highlight strengths (and mitigate weaknesses) from a lender’s perspective, provide a simple business plan identifying how the business will be profitable for the long term, and accurately prepare a business loan application that can be immediately submitted through underwriting unlike most business applications submitted.
Table of ContentsPart One: 21 Reasons Why You Want an SBA Loan
Chapter 1: Why You Want an SBA Loan: Reasons 1-11
Chapter 2: Why You Want an SBA Loan: Reasons 12-21
Part Two: SBA Terms, Conditions, and Eligibility
Chapter 3: Types of SBA Loans Available
Chapter 4: SBA 7(a) Loan Eligibility
Chapter 5: SBA 7 (a) Loan Terms and Conditions.
Part Three: Your Credit Profile
Chapter 6: The Personal Credit Profile
Chapter 7: The Business Credit Profile
Chapter 8: The SBA Application Credit Profile
Chapter 9: The SBA Lender Credit Profile
Part Four: The Business Plan Questionnaire
Chapter 10: The Business Plan Questionnaire
Part Five: The SBA Loan Application
Chapter 11: The SBA Loan Application Checklist
Chapter 12: Business Loan Application Summary
Chapter 13: Sources and Uses of Funds.
Chapter 14: Business Debt Schedule
Chapter 15: IRS Form 4506-T
Chapter 16: Business Information and History Form
Chapter 17: Financial Projections
Chapter 18: Personal Financial Statement---SBA Form 413
Chapter 19: Personal Income and Expense
Chapter 20: Statement of Personal History---SBA Form 912
Chapter 21: Management Résumé with Eligibility
Chapter 22: Credit Authorization
Chapter 23: Next Steps
